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BSA comments on the announcement on cladding by the Secretary of State for DLUHC, The Right Hon Michael Gove MP
The Bank Rate increases from 0.1% to 0.25%
December Property Tracker reveals majority of people think older family members should offer financial assistance to help their children or grandchildren buy their first home if they can.
BSA's comment on the FPC's announcement
UK Finance launches updated Financial Abuse Code.
Mortgage lenders have today announced a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022.
The FCA has published its Mortgage Prisoner Review and HM Treasury has laid it before Parliament. The BSA's Head of Mortgages and Housing, Paul Broadhead,comments.
BSA comment
Figures released today from the BSA for Q3 2021 show continued momentum in the housing market, with gross lending by building societies up 22% compared to the same period in 2020.
BSA comments on the MPC decision
Cash ISA Transfer performance Q3 2021
In commenting on the Government's Heat and Building Strategy, the BSA trusts that the Government will tread carefully to avoid unintended consequences which could generate harm to individuals, mortgage providers and the economy. In particular the suggestion that they could make it mandatory for mortgage lenders to have an average EPC C rating across all of the properties in their mortgage book by 2030. With 60% of all homes currently above EPC C it will take time to shift the dial and society requires a just transition, not a two tier market. See the full comment.